800 Adams RdBirmingham, MI 48009

Property Details for 800 Adams Rd

Year built

1959

Lot size

0.61 AC

Property size (Sq ft)

10,824 SF

Zone code

BI

Property type

Office buildings

APN

08-19-36-283-009

APU

81936283009

Description

This exceptional medical office suite, located at 800 S Adams Rd in Birmingham, Michigan, presents a fantastic opportunity for medical professionals seeking a prime location. The suite, identified as Suite 105, offers 1,150 square feet of well-appointed space on the first floor, conveniently situated right off the main lobby. The building itself is a Class B, two-story structure totaling 11,050 square feet, featuring ample on-site parking for both staff and clients. The building includes an elevator for easy access to all floors. This property is ideally situated in downtown Birmingham, offering easy access to numerous amenities within walking distance. The suite is currently built out as a dental office, showcasing Class A finishes, but is adaptable to various medical specialties. The lease rate is $35.95 per square foot, plus utilities and janitorial services. The property is located in Oakland County, Michigan, with a zip code of 48009. This is a rare opportunity to secure a well-located, well-maintained medical office suite in a thriving downtown area. The multiple tenancy building ensures a vibrant and professional atmosphere. Don't miss this chance to establish or expand your practice in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,852,938

  6.5%

  $1,710,404

  7%

  $1,588,233

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,012,477

  Geo Method

  $1,012,477

• Alternative Use

  Use

  Valuation

  Residential

  $2,120,902

  Hospitality

  $1,942,734

  Educational

  $1,616,332

  Medical

  $1,671,920

  Retail

  $2,514,295

Location Insight

City

Birmingham

County

Oakland

State

Michigan

Latitude

42.5414

Longitude

-83.2061

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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